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CAL-SOAP PRESENTS…
Financial Aid Basics
What you need to know to pay for your education…
How much does college cost?
Registration Fees Only
University of California$13,200
California State University$7,025
California Community College
$1,104
Private Universities$32,100
University of California
Total$33,000
Fees/Tuition
$13,200
Books and supplies$1,550
Room and board
$13,400
Transportation
$1,300
Miscellaneous
$3,550
Cal State Total
$24,394
Fees/Tuition$7,025
Books and supplies$1,666
Room and board
$10,924
Transportation
$950
Miscellaneous
$3,829
Community College Total$15,129
Fees/Tuition$1,104
Books and supplies$1,675
Room and board$7,900
Transportation
$1,200
Miscellaneous
$3,250
How do I pay for college?
Paying for Your Education
Federal Aid
Grants
Scholarships
Loans
Personal Savings
Free Application for Student Aid
Federal and State Financial Aid
What is FAFSA?
Make-or-Break CriteriaWe provide information about:Postsecondary Education
Financial Aid
Package
determined by FAFSA
Cal Grants
Federal Loans and
Grants
College and
University
Grants
Federal Work Study
Parent PLUS Loan
How the FAFSA determines your Financial Aid
• The amount of money you receive is based on your Expected Family Contribution (EFC)• EFC= The amount your family is expected to pay for
your college based on family income
Total Cost of Attenda
nce
Expected
Family Contribution(EFC)
Financial
Need
For Example
You have 3 colleges in mind
UCSD[living on campus] $31,700
$23,444
SDSU[living on campus]
$1,000
Mesa College[living at home]
$1,000
$30,700
$22,444
$11,445
Cost of Attendance
EFCFinancial
Need
$1,000 $10,445
College Costs in Thousands
COA COA COA
COA EFC Federal Eligibility
COA - EFC = Federal EligibilityCost of Attendance – Expected Family Contribution = Federal Eligibility
30
20
0
10
15
(For grants, scholarships, work-study, and loans)
(Tuition/fees, residence, meals, books, transportation, and personal expenses)
(9)
What should I do next?
Apply January 1st- March 2nd
First come first serve!
Complete the FAFSA at www.fafsa.ed.gov
Student and a Parent MUST get a PIN number to sign FAFSA online!
Get your PIN numbers NOW!www.pin.ed.gov
Get a PIN for yourself and one parent (custodial): www.pin.ed.gov
Step 1
(optional): Print out a FAFSA on the web worksheet onlinehttp://www.fafsa.ed.gov/
Step 2
Complete the FAFSA online before March 2 www.fafsa.ed.gov
Step 3
Review your Student Aid Report (SAR)
Receive financial aid packages from each of your colleges of interest
Step 4
Step 5
To apply for a Cal-Grant.
Submit electronically or mail
Begin submitting November 2012
Deadline for submission is March 2, 2013
Submit GPA Verification Form
www.scholarships.com
www.collegenet.com
www.fastweb.com
Cal-SOAP
www.collegeboard.com
Counselors and Teachers
Scholarship Books
Finding Scholarships
financial aid application administered by the College Board
required by some independent colleges and scholarship organizations to award private aid.
Available online at https://profileonline.collegeboard.com.
There is a fee to apply and fee waivers are available.Deadline for submission varies by institution.
CSS/ Financial Aid Profile
Cash For College Workshops
Flyer
Contacting Cal-SOAP…
Find our representatives at local Cal-SOAP college and career events. For events and general college information:
www.sandiegocalsoap.com Questions? Call our office: (858) 569-1866